globalization

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globalization

Operating around the world. Although many large companies have globalized for decades, the Web, more than any other phenomenon, has enabled the smallest company to have a global presence. See localization.

globalization

A mulifaceted process in which the world is becoming more and more interconnected and communication is becoming instanteneous. Aspects of this process include:
  1. the transformation of the spatial arrangement and organization of social relations involving ‘action at a distance’, a stretching of social relations and transactions (and power), including instantaneous communications across time-space;
  2. the increasing extensity, intensity, velocity and impact of global social relations and transactions (see Held et al. 1999);
  3. the creation of new networks and nodes – the ‘network society’ (CASTELLS) – associated with the new levels of dependence on knowledge/ information and ‘expert systems – the ‘information’ or ‘knowledge society’ – as well as the new risks associated with this – RISK SOCIETY;
  4. a dialect between the global and the local in which (consistent with a dialect of power and the duality of structure) the outcome is not a simple triumph of the centre over the periphery, mere Americanization’, or suchlike (see also MCDONALDIZATION).

As Held et al. (1999) suggest, a ‘vibrant’ ongoing debate exists on the characterization of globalization between three groups of theorists:

  1. ‘hyperglobalizers’ (e.g. Ohmae 1990; 1995) for whom global marketization is the main driver;
  2. 'S ceptics’ (notably Hirst and Thompson 1996a and b), who play down the level and distinctiveness of the change;
  3. ‘transformationalists’, including GIDDENS, for whom globalization is a distinctive new phase such that societies and states across the globe are experiencing profound social as well as economic changes – a ‘massive shake-out’ of social relations, economies, governance and politics – as they seek to adapt to an increasingly interconnected but also unpredictable and uncertain world.
References in periodicals archive ?
Drawing on the work of Manuel Castells, Munck looks at the mega-cities of our time as the microcosm of global world order because it is here that the riches and miseries of global capitalism are manifest in one place.
Starhawk spells out how global capitalism threatens the environment, social diversity, workers' safety, economic and democratic equality, and compassion.
This article is adapted from his forth coming book Against the Dead Hand: The Uncertain Struggle for Global Capitalism
The more people become aware of the issues, the more progress is made toward the eventual goal of eliminating the dehumanizing and wasteful reign of global capitalism.
In the world of triumphant global capitalism, the small countries line up for handouts at the World Bank and International Monetary Fund, then meekly follow orders.
Nevertheless, the argument that Malaysia was hunky dory before falling victim to the dark speculative forces unleashed by the Darth Vaders of global capitalism does not add up.
These fears, while legitimate, keep us from directing attention to the enemy, which is the flattening greed of global Capitalism.
It comes at a critical political conjuncture: the intercession between global capitalism at its most dominant phase and the global cultural logic.
Contributors for all three sections are concerned with how cooperation could be advanced in the context of global capitalism.
The internal review of the June 18 riots during a Carnival against Global Capitalism also revealed organisational problems and that a police control room was overwhelmed by information.
Old-fashioned power politics is becoming increasingly obsolete because it conflicts with the imperatives of global capitalism.
After state capitalism came global capitalism, our present stage.

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